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Updated over 5 years ago,

User Stats

93
Posts
19
Votes
Ayo O.
  • Rental Property Investor
  • HOUSTON, TX - Texas
19
Votes |
93
Posts

Capital gains tax question here

Ayo O.
  • Rental Property Investor
  • HOUSTON, TX - Texas
Posted

Hello BP,

I will be selling a house that use to be my primary residence from 2009-2015.I am being made to sell to a railway company through eminent domain.The house became a rental from 2015 till date.

I was wondering if the proceeds of the sale would still be capital gains exempt since I lived there for 2 out of the last 4.5 years regardless that it is now a rental property?

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